Alpaca, a prominent player in the fintech space, is reportedly on the verge of finalizing a significant $150 million Series D funding round. The source reports that while the news has generated buzz, official confirmation from the company is still awaited.
Funding Round Details
The funding round is said to be led by Drive Capital, which could potentially elevate Alpaca's valuation to $1.15 billion. Notable participants in this round include:
- Citadel Securities
- Kraken
- BNP Paribas Ventures
indicating strong interest from major financial institutions.
Market Response
Despite the impressive figures being circulated, the lack of official statements or primary sources from Alpaca has resulted in a cautious response from the market. Investors and analysts are closely monitoring the situation, awaiting further details that could clarify the funding's impact on the company's future.
Recently, Converge Bio secured $25 million in a Series A funding round, highlighting the growing interest in AI-driven drug development. For more details, see the full story here.
